
Blue Motor Finance, Eldens Finance and Logbook Lending all entered administration inside four weeks. If you borrowed from one of them, two very different things happen at once: your loan carries on almost unchanged, and any compensation you were owed may never arrive in full.

The UK is bringing buy now pay later into regulated credit on 15 July 2026 with FOS rights, affordability checks and Section 75-equivalent protections. The US went the other way, with the CFPB withdrawing its BNPL Interpretive Rule in May 2025 and state-level patching now filling the federal vacuum. We map the divergence.

The FCA launched a sector-wide review of CMCs on motor finance claims on 7 May 2026. Here is what it found, and why you probably do not need one.
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